Anterix Inc. announced a $3.2 million spectrum license sale agreement with Texas-New Mexico Power for 900 MHz broadband covering portions of Brazoria and Galveston counties in Texas.
Key takeaways
PDV Spectrum Holding Company, LLC sold 6 MHz 900 MHz broadband spectrum (936.5-939.5 MHz paired with 897.5-900.5 MHz) to TNMP.
Total contract price of $3.2 million with payments: $1.6M due 30 days after signing, $800K on Phase 1 delivery in 2027, $800K on Phase 2 by Dec 31, 2028.
Anterix commits to clear incumbents and collaborate on securing FCC broadband licenses for TNMP.
Phased delivery: Phase 1 (two 1.4x1.4 MHz channels) in 2027, full 6 MHz in Phase 2 by 2028.
Separate MOU for potential future purchases of Anterix deployment accelerators like CatalyX and TowerX.
TNMP serves over 280,000 customers as subsidiary of TXNM Energy.